Volkswagen & Stellantis

Volkswagen: Shares of Volkswagen were down following the tariff announcement, as it is a major German automaker with significant exports to the United States.

Stellantis: Shares of Stellantis fell after Donald Trump's announcement, indicating market concerns over the tariff hike.

Volkswagen: Volkswagen placed its Kariega factory in South Africa under review, reflecting challenges in the country's automotive sector.

Stellantis: Stellantis opened its first vehicle dismantling center in Morocco — Casablanca, Morocco, as part of its circular economy strategy, aiming to extend vehicle lifecycles, reduce waste, and create affordable replacement parts. This initiative strengthens Stellantis' industrial footprint in the Middle East and Africa region.

Volkswagen: Volkswagen agreed to invest $5.8 billion in Rivian in exchange for software and electrical technology, providing crucial funding.

Stellantis: Stellantis canceled Ram's electric truck program, reflecting a cooling ardor for electric vehicles among some automakers.

Volkswagen: Volkswagen is mentioned as part of Geotab's existing OEM telematics network, indicating a broader trend in the industry.

Stellantis: Stellantis is mentioned as part of Geotab's existing OEM telematics network, indicating a broader trend in the industry.